At Holdings Channel, we have now reviewed the newest batch of the 83 most up-to-date 13F filings for the 09/30/2024 reporting interval, and seen that SPDR S&P 500 ETF Belief (Image: SPY) was held by 52 of those funds. When hedge fund managers look like pondering alike, we discover it’s a good suggestion to take a more in-depth look.
Earlier than we proceed, you will need to level out that 13F filings don’t inform the entire story, as a result of these funds are solely required to reveal their lengthy positions with the SEC, however will not be required to reveal their quick positions. A fund making a bearish wager in opposition to a inventory by shorting calls, for instance, may additionally be lengthy some quantity of inventory as they commerce round their general bearish place. This lengthy element might present up in a 13F submitting and everybody would possibly assume the fund is bullish, however this tells solely a part of the story as a result of the bearish/quick facet of the place is just not seen.
Having on condition that caveat, we consider that taking a look at teams of 13F filings could be revealing, particularly when evaluating one holding interval to a different. Under, let’s check out the change in SPY positions, for this newest batch of 13F filers:
By way of shares owned, we rely 20 of the above funds having elevated current SPY positions from 06/30/2024 to 09/30/2024, with 22 having decreased their positions and 5 new positions.
Trying past these specific funds on this one batch of most up-to-date filers, we tallied up the SPY share rely within the combination amongst all of the funds which held SPY on the 09/30/2024 reporting interval (out of the 4,019 we checked out in whole). We then in contrast that quantity to the sum whole of SPY shares those self same funds held again on the 06/30/2024 interval, to see how the mixture share rely held by hedge funds has moved for SPY. We discovered that between these two durations, funds elevated their holdings by 25,483,570 shares within the combination, from 184,223,667 as much as 209,707,237 for a share rely enhance of roughly 13.83%. The general prime three funds holding SPY on 09/30/2024 have been:
We’ll preserve following the latest 13F filings by hedge fund managers and convey you attention-grabbing tales derived from a take a look at the mixture data throughout teams of managers between submitting durations. Whereas taking a look at particular person 13F filings can generally be deceptive because of the long-only nature of the data, the sum whole throughout teams of funds from one reporting interval to a different could be a lot extra revealing and related, offering attention-grabbing inventory concepts that benefit additional analysis, like SPDR S&P 500 ETF Belief (Image: SPY).
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Additionally see:
Institutional Holders of UHT
Institutional Holders of UIVM
WDR Insider Buying
The views and opinions expressed herein are the views and opinions of the writer and don’t essentially replicate these of Nasdaq, Inc.
